Purplebricks – catastrophic warning: target price 0p

You cannot say that this site has not warned you repeatedly. But some folks like Neil Woodford knew better. Britain's top share blogger (mornings only), Thirsty Paul Scott, was also a fan and we know how accurate his analysis is. I don't know about Scott but Woodford has been averaging down aggressively. Neil always knows better which is why he is worth £37 million a year. Today we have another high profile horror story for Britain’s most conceited fund manager & yet another shocker for the nation's thirstiest share blogger, with a truly shocking lack of profits warning. I shall explain below why this makes the target price 0p....it is enough to turn a man to drink.

Purplebricks (#PURP) shocking (lack of) sales and profits warning

Commisery for Purplebricks customers overpaying for tied solicitors by hundreds of pounds?

How much ‘commisery'(tm) might you feel if you had been encouraged or even required to use a specific firm of solicitors by your estate agent, only to find that over £380 was going straight into your agents pocket as a backhander from the solicitor in question? All perfectly legally of course.

Purplebricks (#PURP) H1 numbers, losses sharply up, conditions "challenging", cuts FY sales guidance (AGAIN!)

Purplebricks – purple faces at Woodford

ShareProphets has been very wary of AIM-listed Purplebricks (PURP) ever since its IPO at the end of 2015. The business model looks questionable, given the state of the UK and global housing markets, and there has been plenty of controversy over its business practices of suppressing criticism. Add to that the persistent offloading of stock by insiders and one really wonders how well this disruptor will perform. But Neil Woodford has been buying like the shares are going out of fashion…which they are!

Purplebricks (#PURP) Oz in meltdown as senior staff walk - no RNS in London ( wonder why?) - AFR

Early November Trading Updates: Broker and Tipster Sentiment

In this week’s article, we review five key trading updates made in November so far, and analyse how brokers and tipsters have interpreted the most recent figures.

Keep selling Purplebricks - trading statement truly pathetic in what it did not say

The trading statement from Purplebricks (PURP), as I rather suspected, was a little short on detail and the word “profit” did not appear once...

October performance update: start of 2018 shorted AIM shares

Early this year we showed Shorted AIM shares at the start of 2018. After the latest month, how's performance?...

Purplebricks – half-year trading update, sensible yet again to be doing the opposite of Woodford

A trading update for its half-year ended 31st October 2018 from Purplebricks (PURP) is noticeable for what it fails to say not for what it actually says...

Purplebricks (#PURP) H1 Trading statement short on key metrics but says will hit FY sales forecast

The Purplebricks bubble is starting to burst - keep selling

It could be that the current market turbulence is no more than an entry point for easily the most successful investment strategy of the last ten years: BTFD (Buy the fucking dips) but I sense that this time we might be about to discover who has been swimming without trunks.

Purplebricks & Neil Woodford– good to see a man of conviction

I noted the other day that Neil Woodford seems to have been on a bit of a selling spree, having dumped shares in our Big Short BCA Marketplace (BCA) and more recently in Hostelworld (HSW), Forterra (FORT), Horizon Discovery (HZD) and Homeserve (HSV). But I see that the great man has been topping up his holding in Purplebricks (PURP).

Purplebricks (#PURP) – trading “in line”, German joint venture with Axel Springer

Purplebricks (#PURP) ran competition to pressure vendors to cut prices - AFR

Purplebricks – you shout about good news you sit on bad news: keep selling

In 2017 Purplebricks (PURP) held its AGM on 29 September and pushed pout an H1 trading update on November 6. The news was not blisteringly good but enough lipstick was put on the dog to fool the sell side analysts. Wind forward 12 months…

Purplebricks (#PURP) more damning revelations from Oz - Property eye

Update on June Sell Calls on Mimedx and Purplebricks

I don’t propose to dwell on Tesla (NASDAQ:TSLA) today as it is in danger of becoming an obsession to me, as to many others. Suffice it to say that what was shaping up to be a pretty disastrous trade is looking a lot less serious and it is now clear that Musk’s claim to have funding secured for a take-private deal at $420 per share was wide of the mark to put it mildly.

Table of shorted AIM shares - week to 17/08/2018

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

End July performance update: start of 2018 shorted AIM shares

Early this year we showed Shorted AIM shares at the start of 2018. After the latest month, how's performance?...